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Results: 1-10 of 16

Judgment proof: the English Supreme Court pushes back on U.S. Bankruptcy Court jurisdiction

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • October 24 2012

In a case with truly global implications, the Supreme Court of England and Wales held earlier today that judgments of U.S. Bankruptcy Courts against foreign defendants who had not submitted to the Bankruptcy Court’s jurisdiction were not enforceable in England and Wales in the case of Rubin v. Eurofinance SA

MF Global U.S. and UK

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • December 19 2011

On October 31, 2011 (the “Petition Date”), MF Global, which up to that point had been one of the world’s largest brokerdealer firms, was plunged into insolvency on both sides of the pond

Third Circuit considering if the ‘police power’ exception to the automatic stay extends to the UK Pensions Regulator

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • December 19 2011

One exception to the otherwise far-reaching scope of the automatic stay is the “police power” exception, which permits a governmental unit to commence or continue an action or proceeding that is in furtherance of its police and regulatory powers (section 362(b)(4) of the Bankruptcy Code

Iranian sanctions update

  • Reed Smith LLP
  • -
  • European Union, Iran, United Kingdom, USA
  • -
  • November 22 2011

The publication of the International Atomic Energy Agency's latest report on Iran has prompted a fresh round of sanctions against Iran

MF Global enters insolvency proceedings on both sides of the pond

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • November 1 2011

MF Global, one of the world's leading brokerdealer firms entered into insolvency proceedings in both the US and the UK on 31 October 2011

Sanctions update

  • Reed Smith LLP
  • -
  • European Union, Iran, Libya, Syria, United Kingdom, USA
  • -
  • May 13 2011

This is a two part sanctions update

Section 2(a)(iii) of the ISDA Master Agreement, similar clauses and insolvency

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • November 11 2010

There have been so many articles written and opinions expressed on the spate of cases on the effect of how netting provisions in over-the-counter ("OTC") derivative contracts work when a counterparty becomes in default, that you would be forgiven for being confused about the current position

Regulatory updates for the holiday weekend

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • May 28 2010

The last two weeks have brought new plans for regulation of financial institutions and financial markets, in both the US and the UK

The impact of heightened FSASEC cross-border cooperation

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • March 30 2010

Within financial regulatory enforcement there has long been a culture of cooperation between national regulatory authorities

Protecting mortgage indemnity

  • Reed Smith LLP
  • -
  • United Kingdom, USA
  • -
  • June 3 2009

Disputes between lenders and insurers over mortgage indemnity insurance coverage became a significant issue in the early 1990s the last major property recession in the UK and the United States